Bitcoin Prices Sinking – Where Could Bitcoin Bottom out?

Bitcoin Prices Sinking – Where Could Bitcoin Bottom out?

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Bitcoin dropped to $17,567 on June 18, its lowest level since November 2020. The drop below $20,000 was the first occasion in Bitcoin’s short history that it breached the all-time high made during the previous bull market cycle.

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Hi. The fact that the price of bitcoin has dropped a lot recently is a natural occurrence. First of all, there were a lot of preconditions for that. Secondly, FUD played its role, which in the last 3 months has greatly undermined faith in Bitcoin and cryptocurrencies in general. It was also influenced by the news that inflation in the U.S. is currently at its peak in the last 40 years. Anyway, I think Bitcoin will still reach a new ATH and to know when it will happen, you should follow the BTC price on this site https://www.checkman.com/quote/btcusd
Monitoring Bitcoin price helps me better determine when I should buy some BTC to make good profit in the future.